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oscortega
Level 3

How do I categorize a client payment received into my personal account?

Hi,

I received a client payment into my personal account  for convenience to my client.  When the transfer cleared, I then transferred the funds to my business account.  When the transfer posted to my business account, QBO automatically categorized it as a "Transferred from Shareholder's Distribution".  Is this correct?

If not, what categorization should I use, so that I may associate the funds to the proper invoices?

 

Thanks in advance.

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